What does allowance mean?

An allowance is the sum of money set by your parents or guardians for your discretionary spending. It can be used for whatever you want, but it’s best to budget for it. Think of an allowance as a little cushion to help you pay for things you may have forgotten or that may need to be repaired.

What does the term allowance mean?

The word “ allowance refers to an amount of money that your child is given to spend on whatever they want. It is given with the understanding that the money is to be used for things like groceries, clothes, electronics and other needs but not for treats like ice cream or video games. The amount of money given is up to you and your child. The most common allowance amounts are $10 or $20 per week, but it is not uncommon for children to receive up to $

What is meant by allowance?

The allowance is the amount of money you decide to give your teen for spending and other activities. You can set up a budget for this money, and it won't be a surprise to you when you see how your teen spends it. There are other ways to help your teen learn to budget, such as having them pay some of the bills or pay off a credit card bill each month.

What is meant by leave allowance?

The leave allowance is the amount of money that the employer will pay you during your leave. While it can be in the form of wages, it can also be in the form of paid vacation or sick leave. Most leave allowance programs are subject to state and federal regulations, so how much you'll actually receive will vary depending on your state and company.

What is allowance mean?

In the context of kids and allowances, allowance is the money your child earns for doing chores around the house or for a certain period of time. The amount they earn is entirely up to you to determine as a parent. It can be given as a weekly or biweekly payment or paid in cash each time they complete a chore.